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Oil jumps to two-year high as OPEC and allies reconfirm gradual production increase OPEC and its non-OPEC partners agreed on Tuesday to gradually ease production cuts. The group opted to stick to the plan agreed upon in April, whereby 2.1 million barrels per day of supply would be brought back to the market between May to July.
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AMC leads 'meme stocks' higher after $230 mln capital raise The company said it would issue 8.5 million shares to Mudrick Capital, its latest share sale this year it cashes in on a 1,150% jump in its stock in 2021. The firm said it would use ...
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Three Stocks To Buy Now Robinhood penny stocks are still trending, with retail investors as active as ever. These stocks, however, are notoriously volatile. With investors constantly debating which stocks to buy, the following Robinhood stocks have the potential to outperform.
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Brazil economy rebounds to pre-pandemic level, beating forecasts Brazil's economy expanded by 1.2% in the first quarter, data showed on Tuesday, a faster rise than economists had expected, as rebounding services and investments took Latin America's largest economy to its pre-pandemic size at the end of 2019. It was the ...
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Coinbase to allow users to use card via Apple, Google wallets The company said it will automatically convert all cryptocurrency to U.S. Dollars and transfer the funds to a customer's Coinbase Card for use in purchases and ATM withdrawals. It also said users can earn crypto rewards on their ...
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The latest on the Covid-19 pandemic and the US's reopening What we're covering here · Moderna seeks full FDA approval for its Covid-19 vaccine · US airports log their busiest weekend of the pandemic · Why returning to normal after Covid isn't so easy for some.
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Energy costs are stoking inflation. Just look at US gas prices A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business) Investors worried about rising inflation should keep an eye on what's happening at the pump. US gas ...
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Bike-Hailing Startup Turns to Food Delivery After Ban in Lagos Gokada Rides Ltd., a Nigerian ride-hailing firm, is bolstering its e-commerce and food delivery business with an app to lure users in Africa's biggest economy. The startup diversified into last-mile delivery and logistics last year after Lagos state banned ...
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Emails: Utilities drafted talking points against gas bans Lawmakers in roughly a dozen states are using strikingly similar talking points as they unleash a wave of legislation aimed at forbidding municipalities from banning natural gas in buildings. A Pennsylvania legislator wants to forbid municipalities from ...
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US rapper A$AP Rocky backs Sweden's Klarna U.S. rapper A$AP Rocky has invested in Swedish 'buy-now, pay-later' firm Klarna, joining hip-hop legend Snoop Dogg and pop star Lady Gaga, Klarna said on Tuesday as it continues to grow in the United States, particularly with young shoppers. As part of ...
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Insight: Big Oil's 'day of reckoning' a long time coming It's unclear what impact two or three climate-minded directors will have on Exxon's 13-member board. Engine No. 1 was vague about how Exxon, led by CEO Darren Woods, should go about preparing for a low-carbon future.
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Eurozone Inflation Rebounds to 2.0% on Higher Energy Prices By DAVID McHUGH, AP Business Writer. FRANKFURT, Germany (AP) — Eurozone inflation rose to 2.0% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued. The modest price rise in Europe compares with a ...
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7 best face washes for every skin type — starting at just $8 — according to dermatologists Whether you have oily, sensitive, dry or another type of skin, dermatologists and skincare experts say these are the facial cleansers to buy. · Choose the right face wash for your skin type. · Amazon.
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Goldman Sachs leads $202M investment in project44, doubling its valuation to $1.2B in a matter of months A number of applications that aim to solve workflow challenges across the supply chain exist. But getting real-time access to information from transportation providers has remained somewhat elusive for shippers and logistics companies alike. Enter Project44.
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Elon Musk blames rising Tesla prices on raw material costs Tesla also raised the price of the Model Y SUV by $5,000 to $51,990. When a Tesla fan questioned the price increases on Twitter, Musk responded that the price increases were beyond its control. "Prices increasing due to major supply chain price pressure ...
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Millennial Money: She crushed $20K+ in debt at age 24 When a 24-year-old woman found herself burdened with $229,000 in debt that included student loans, a car loan and credit card debt, she set a goal to become debt-free by age 30. By MELISSA LAMBARENA of NerdWallet. June 1, 2021, 4:16 AM.
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BP advances its green ambitions with key US and Greek solar deals "When you consider the 20-gigawatt target we've laid out until 2025, it's a significant move forward," Dev Sanyal, BP's head of gas and low-carbon energy, said in an interview.
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WarnerMedia's CNN plans new streaming service ahead of Discovery merger - WSJ The service will feature new shows from the network's major anchors, including Anderson Cooper and Don Lemon, the report said, citing people familiar with the matter. WarnerMedia did not immediately respond to Reuters request for ...
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Chamber of Commerce warns of worsening worker shortage: 'A national economic crisis' Veritas Financial managing partner Greg Branch, Michael Lee of Michael Lee Strategy and Advisors Capital Management partner JoAnne Feeney provide insight into today's markets, inflation fears, earnings, the Federal Reserve and cryptocurrencies.
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BlackBerry Jumps as Interest From Reddit Crowd Surges BlackBerry (BB) - Get Report shares on Monday surged as the Reddit retail-trading crowd boosted its interest in the security-software provider. The Waterloo, Ontario, company is the second-most cited stock on Reddit's WallStreetBets page over the past 24 ...
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People want to get back to work but can't -- and fear losing $300-a-week benefits will spell financial disaster An unemployment application is seen in a box as City of Hialeah employees hand them out to people in front of the John F. Kennedy Library in Hialeah, Florida. Once she became fully vaccinated in April, Lindsey Bates wanted to get back to work. A restaurant ...
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UK manufacturing PMI hits record; house prices surge; oil rallies – business live Production growth at US factories accelerated last month as client demand increased, two surveys have shown. But firms also reported significant supply chain disruption, backlogs of work, and problems hiring staff. IHS Markit's US manufacturing PMI has ...
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NRx Submits Emergency Use Authorization Application For Zyesami in Covid-19 By Michael Dabaie. NRx Pharmaceuticals said it filed an application with U.S. Food and Drug Administration for emergency use authorization for Zyesami in critically-ill Covid-19 patients with respiratory failure. The company said that, consistent with previous ...
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Fewer Seniors Are Claiming Social Security at 62. Here's Why That's a Good Thing. Filing for benefits as early as possible means having that extra income on hand sooner. But there's a financial penalty for claiming benefits ahead of FRA. Social Security benefits are reduced by 6.67% per year for ...
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Eli Lilly gets Indian emergency use nod for antibody drug combination U.S. drugmaker Eli Lilly and Co said on Tuesday its antibody drug combination has received an emergency use approval in India for the treatment of mild to moderate COVID-19 cases. All-new World Reimagined podcast. Listen Now. BENGALURU, June 1 ...
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US Manufacturing Sector Held Robust Momentum in May — ISM U.S. manufacturing activity continued to expand strongly in May as demand remained strong, but supply-chain bottlenecks and labor shortages weighed on manufacturers and constrained growth in factory output. The ISM Manufacturing Report on Business PMI ...
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Good Samaritan Recalls Heroic Rescue of Man Following Fiery Crash in College Area A group of good Samaritans bravely pulled a man out of a burning vehicle overnight after it caught fire while on Interstate 8 near the College Area. The trouble began when an SUV stalled on the freeway at about 12:30 a.m. Tuesday for reasons still under ...
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Nuwellis Up After Wining Contract With Premier By Michael Dabaie. Nuwellis Inc. shares were up 24%, to $4.98, in Tuesday morning trading after the company won a contract for ultrafiltration therapy. The company, formerly CHF Solutions Inc., said it was awarded a three-year contract with group ...
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Old National Bank, Chicago-based bank to merge, create $45 billion new company EVANSVILLE, Ind. — Old National Bancorp and Chicago-based First Midwest Bancorp on Tuesday announced a merger agreement, creating a Midwestern bank with $45 billion in combined assets. The new company will operate under the Old National name ...
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Citi upgrades Nio, says growing electric vehicle demand in China can lift stock more than 50% Chinese electric vehicle maker Nio should see sales growth accelerate in the near and long term, giving its stock upside of more than 50%, according to Citi. Nio's shares have struggled in 2021, along with other stocks tied to EVs. The company's U.S.-traded ...
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Bitcoin ETP takes Swiss route to UK after cautious London response Visit our ETF Hub for investor news and education, market updates and analysis and easy-to-use tools to help you select the right ETFs. London is preparing for its first listed security tracking the price of bitcoin, with a launch that ...
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Today's national mortgage & refinance rates, June 1, 2021: Rates rise The average rate on a 5/1 ARM is 3.15 percent, ticking up 1 basis point since the same time last week. Adjustable-rate mortgages, or ARMs, are mortgage loans that come with ...
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Tencent sued in China over 'inappropriate' content in 'Honor of Kings' game The suit, whose content Reuters could not independently confirm, also coincides with an unprecedented antitrust crackdown by Beijing on some of China's biggest tech companies that sources told Reuters includes Tencent. The company ...
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Canada's economy expanded again in March — but looks like it shrank in April Despite March growth, Canada's economic output is still about 1 per cent below what it was in February 2020. Pete Evans · CBC News · Posted: Jun 01, 2021 9:13 AM ET | Last Updated: in 14 hours. Canada's economy expanded at a healthy pace in March, ...
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Domino's in hiring drive as staff return to pre-pandemic jobs Domino's Pizza is recruiting 5,000 chefs and delivery drivers, as many of the staff who joined during the pandemic have returned to their former roles. The fast food chain said that it had offered work to people in roles as diverse as hairdressing and events ...
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Is cruising from Caribbean homeports losing steam? In March, as the cruise industry's frustration with the CDC reached a fever pitch, the cruise lines began scheduling cruises for Americans just outside U.S. borders, from countries such as the Bahamas, St. Maarten, Jamaica and Bermuda. The sailings gave ...
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Airlines ban alcohol after flight attendant repeatedly punched by passenger The attendant's union later confirmed she had lost two teeth in the attack. Police arrested the perpetrator, 28-year-old Vyvianna Quinonez, and charged her with felony battery. Recommended.
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Indoor dining curfew ends for New York Harry Panagiotopoulos, the owner of the Sweet Spot in Astoria, had been waiting months for the curfew on indoor dining to be lifted. On Monday, the curfew ended. Now, indoor dining at NYC establishments can continue past midnight. "It's the biggest relief, ...
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CANADA STOCKS-TSX boosted by energy, gold stocks (Updates prices, adds sector details). June 1 (Reuters) - Canada's main stock index rose on Tuesday, driven by gains in energy and gold stocks as underlying commodity prices gained, while investors awaited key U.S. economic data due later this week.
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2021 Triumph Speed Twin: The Sporty Bonnie Gets Even Better Now, it gets a revised High Power tune that pushes out 100PS at 7250rpm. That's 3PS more than the EU4/BS4 version. And even though the 112Nm peak torque remains the same, it peaks at 4250rpm, 500rpm lower. Plus, the torque is spread more evenly: ...
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Corn Exports Sales Jump While Bean and Wheat Sales Fall (NAFB) – Corn sales to overseas buyers rose while beans and wheat sales dropped during the seven days ending on May 20. The USDA says corn sales totaled 555,900 metric tons, up from almost 278,000 metric tons a week prior. Mexico was the big buyer ...
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Impact of cyber attacks a wake up call on level of threat The recent breach at the Irish healthcare system which saw criminals demanding $20 million claiming they'd accessed thousands of files containing sensitive patient and other confidential data, adds further perspective. The impact of the ransomware ...
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Japanese shares inch down as investors await key US economic data TOKYO - Japanese shares edged lower in see-saw trade on Tuesday, as investors awaited two key U.S. economic reports, although the declines were capped by hopes of a domestic economic recovery on delayed-but-steady rollouts of COVID-19 vaccines.
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Dubai fintech Stake raises $4 million seed to make real estate investments easy and accessible A local family office Vivium Capital, European VC Verve Ventures, Riyadh-based Lama Holding, Saudi angel investor Mishaal Alireza, and the shareholders of United Kingdom's Chalgrove Properties Limited also participated in the deal. The ...
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Mental Health Awareness is Vital Year-Round As pharmacy professionals battle with their own challenges regarding mental health, the optimal role of psychiatric pharmacists is yet to be defined. With ...
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Video, updates: Governor's briefing on covid response at 10:30 am Additional information can be found at CDC's Situation Summary or at DHHR's COVID-19 information hotline, 1-800-887-4304. 9:22 a.m. 6/12021 Justice leads pandemic briefing at 10 ...
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Cowen upgrades Boeing on the 'fast improving' air traffic amid the economic reopening Investors should look through the near-term roadblocks for Boeing and focus on the rebound opportunities in the years ahead, according to investment firm Cowen. Boeing's business has been hurt by the pandemic and the regulatory halts for the 737 Max and ...
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Global Gaming Expo coming back to Las Vegas The American Gaming Association (AGA) formally announced that the Global Gaming Expo, also known as G2E, will come back to Las Vegas Oct. 4-7 at the Sands Expo. The event will be held in person following a one-year hiatus due to the COVID-19 ...
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First Ever KRAS Inhibitor Approved for Non-Small Cell Lung Cancer The U.S. Food and Drug Administration (FDA) has announced an accelerated approval of sotorasib (Lumakras™) for the treatment of adult patients with KRAS G12C-mutated locally advanced or metastatic non-small cell lung cancer (NSCLC). Memorial Sloan ...
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Nvidia wants to help businesses get up to speed on AI Nvidia wants to help businesses get up to speed on Artificial Intelligence (AI) fast. To make it happen, it is sharing an internally-developed cloud hub with the world. The Nvidia Base Command Platform promises faster movement from prototype to production, ...
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